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Currencies and grain trading

- 04 December 1998
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  • £1=DM2.78 / FFr9.32 / $1.665

  • FOB Rouen December wheat value: FFr 760.00 (£81.54)

  • Chicago December wheat at close: $2.70 (£59.51)

Restitutions:

  • Free market: 50,000t of soft wheat at Ecu29.97
  • ACP: 160,000t of wheat flour at Ecu36.00
  • Barley: 105,000t at Ecu57.98

THE UK market finished unchanged. Very little farm grain is being sold as most producers would like to see a rise to recent highs of £80 for February/March before making sales.

Prices at Thursdays
wheat futures close:

MONTH Close Change
JAN 78.85 0.00
MAR 80.50 0.00
MAY 82.50 0.00
JUL 84.50 0.00
SEP 81.50 0.00
NOV 83.50 0.00

    Approximate commodity
    values, £/tonne, ex-farm:

    CommodityPrice
    December Class 1 milling wheat93-96
    December Class 2 milling wheat81-83
    December Soissons92-95
    December feed wheat73-76
    December feed barley75-78
    Harvest 1999 feed wheat76-78
    September 1999 feed wheat78-80
    January 1999 OSR160-163

  • Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details


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